Spin MasterTSX:TOY +1.56%75 Beneish M-Score is -3.25 as of Jun. 25, 2026. GuruFocus rates TSX:TOY with a GF Score™ of 75/100 and a GF Value™ of C$33.66 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 824 Travel & Leisure companies, Spin Master ranks better than 87.62% on this metric.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -3.25 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Spin Master's Beneish M-Score or its related term are showing as below:
TSX:TOY'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.42 Med: -2.65 Max: -1.4
Current: -3.25
During the past 12 years, the highest Beneish M-Score of Spin Master was -1.40. The lowest was -3.42. And the median was -2.65.
Spin Master Beneish M-Score Related Terms
Spin Master Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Spin Master's Beneish M-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSX:TOY vs AS, HAS, LTH: Beneish M-Score Comparison
For the Leisure subindustry, Spin Master's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Spin Master Beneish M-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Spin Master's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Spin Master's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Spin Master for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 1.0127
+
0.528 * 0.9885
+
0.404 * 0.9699
+
0.892 * 0.8947
+
0.115 * 0.9795
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0791
+
4.679 * -0.136521
-
0.327 * 1.0328
=
-3.25
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(183.142 / (183.142 + 310.377))
/
(214.067 / (214.067 + 350.958))
=
0.371094
/
0.378863
=
0.9795
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(-213.955 - -337.018
-
530.941)
/
2987.667
=
-0.136521
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Spin Master has a M-score of -3.25 suggests that the company is unlikely to be a manipulator.
Spin Master (TSX:TOY) has a Beneish M-Score of -3.25 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Spin Master and its competitors. According to the industry distribution chart, Spin Master ranks #102 out of 824 companies in the Travel & Leisure industry, placing it in the top 12.4%.
Is Spin Master's Beneish M-Score too high?
Spin Master's current Beneish M-Score is -3.25. Based on the distribution chart, Spin Master ranks #102 out of 824 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Spin Master has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spin Master's Beneish M-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Spin Master ranks #102 out of 824 companies for Beneish M-Score. This places Spin Master in the top 12% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Spin Master and its competitors. Spin Master's current Beneish M-Score is -3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spin Master stock overvalued right now?
Based on GuruFocus' analysis, Spin Master (TSX:TOY) is currently considered Significantly Undervalued. The stock's GF Value™ is C$33.66, compared to a current price of C$18.28 — trading 45.7% below its estimated fair value. The current Beneish M-Score is -3.25. Spin Master's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Spin Master (TSX:TOY), the current Beneish M-Score is -3.25 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spin Master (TSX:TOY) Overvalued in 2026?
Based on GuruFocus' analysis, Spin Master stock appears to be undervalued.
The current stock price of C$18.28 is trading 45.7% below its estimated GF Value™ of C$33.66.
GuruFocus considers Spin Master to be Significantly Undervalued.
Key valuation signals for TSX:TOY:
Beneish M-Score: -3.25
GF Value™: C$33.66 vs. price of C$18.28 (45.7% below fair value)
No single metric tells the full story. See the TSX:TOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spin Master is a children's entertainment company operating in the nearly $120 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, wheels & action, infant, toddler, preschool & plush, and activities, games & puzzles, dolls, and interactive). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Hatchimals, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik's, Gund, and Melissa & Doug. The company has global reach, with 29 offices in nearly 20 countries and sales in over 100 markets.
75GF Score
Get the complete analysis for TSX:TOY
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:TOY has been successfully added to your 
